U.S. IRS Finalizes Rules for Reporting Digital Asset Transactions
The regulations require brokers to disclose gross proceeds from cryptocurrency and other digital asset transactions, along with details about the taxpayers involved.
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Crypto
Breaking cryptocurrency news, price moves, and deep analysis — from Bitcoin and altcoins to regulation and adoption. Crypto India Magazine covers the global crypto economy.
Israel Approves Six Bitcoin-Tracking Mutual Funds, Launch Set for December 31
The ISA’s decision comes nearly a year after the U.S. Securities and Exchange Commission (SEC) approved spot Bitcoin exchange-traded funds (ETFs), sparking a surge in global interest in Bitcoin-based investments.
MicroStrategy Buys $561M in Bitcoin as Nasdaq-100 Trading Debut Begins
The inclusion in the Nasdaq-100 was widely praised by Bitcoin proponents, with analysts pointing to the potential impact on trading volume and price.
U.S. Supreme Court Reinstates Nvidia Crypto Sales Lawsuit
The lawsuit, originally filed in 2018 by a group of Nvidia shareholders, accuses the chipmaker of concealing over $1 billion in revenue tied to sales to crypto miners. The shareholders claim Nvidia’s CEO, Jensen Huang, downplayed the role of cryptocurrency demand in boosting GPU sales.
Vancouver Approves Motion to Explore Bitcoin Integration Into Municipal Finances
The motion, led by Mayor Ken Sim, was passed during a City Council Standing Committee meeting, initiating a feasibility study on accepting taxes and fees in Bitcoin and converting a portion of the city’s financial reserves into the cryptocurrency.
MicroStrategy’s Potential Inclusion in Nasdaq-100 Sparks Interest
Seyffart noted that the potential addition could attract at least $2.1 billion in share purchases by exchange-traded funds (ETFs), accounting for approximately 20% of MicroStrategy’s daily trading volume.
Microsoft Shareholders Reject Proposal to Add Bitcoin to Balance Sheets
Microsoft's board deemed the proposal “unnecessary,” emphasizing the company’s existing processes to manage and diversify its corporate treasury.
Amazon Shareholders Push for Bitcoin Treasury Strategy to Combat Inflation
The shareholders also pointed to Bitcoin’s significant returns as evidence of its potential. Over the past year, Bitcoin has grown by 131%, far outpacing corporate bond growth, which averaged 126%.
Donald Trump Appoints David Sacks as AI and Crypto Policy Adviser
United States President-elect Donald Trump has appointed David Sacks, ex-PayPal operating chief, as lead policy adviser on artificial intelligence (AI)…
Who Can Ban Bitcoin? Nobody, Says Vladimir Putin
"Who can ban Bitcoin? Nobody," he stated. "These tools will develop one way or another because everyone will strive to reduce costs and increase reliability."
CoinDCX Introduces ₹50 Crore Bharat Custody to Strengthen Crypto Asset Security
According to Sumit Gupta, Co-Founder of CoinDCX, Bharat Custody addresses a critical gap in the Indian market by offering a secure, localized approach to safeguarding crypto assets.
MicroStrategy Buys 15,400 Bitcoin in Fourth Purchase, Total Holdings Hit 402,100 BTC
Under the leadership of co-founder and Executive Chairman Michael Saylor, MicroStrategy pivoted from a traditional software company to what is now often referred to as a "Bitcoin development company."
Michael Saylor Proposes Bitcoin Strategy to Microsoft, Predicts $5T Growth
Saylor presented Bitcoin as a unique corporate asset, describing it as the “universal, perpetual, profitable merger partner.” He argued that unlike traditional mergers and acquisitions, Bitcoin lacks operational complexities and counterparty risks, offering a more streamlined and lucrative opportunity.
Enforcement Directorate Seizes ₹106 Crore in Nagaland’s HPZ Token Scam
According to the ED, the operation involved promising investors astronomical returns through a token-based app called HPZ Token and online gaming and betting platforms. Victims were lured with claims of doubling their investments, only to have their funds siphoned off.
Hong Kong Proposes Crypto Tax Exemptions for Global Funds
Market analysts suggest that the proposed tax exemptions could enhance Hong Kong's appeal as an offshore financial center, encouraging liquidity inflows into the city.
James Howells’ Lost $716M Bitcoin Case Deepens, Ex-Partner Reveals She Threw Away His Hard Drive
The hard drive, containing Bitcoin mined in 2009, ended up in a Newport landfill among 110,000 tons of waste. By the time Howells realized his mistake, Bitcoin’s value had surged, leaving the IT engineer determined to recover the lost fortune.
Dubai Police Signs MoU with BitOasis to Strengthen Economic Crime Prevention
Brigadier Hareb Al Shamsi, Director of Criminal Investigation for Research and Investigation Affairs at Dubai Police, and Ola Doudin, CEO of BitOasis, signed the MoU during a formal ceremony attended by representatives from both sides.
U.S. SEC Begins Reimbursing Investors in BitClave’s Unregistered ICO
The U.S. Securities and Exchange Commission (SEC) has initiated the reimbursement process for investors affected by the failed blockchain project…
The Bitcoin Reserve is Good, But it Does Not Solve The Problem, Says Think Tank Co-founder Avik Roy
Roy pointed out that while the concept of a Bitcoin reserve might offer strategic advantages, it falls short of solving the federal government’s ballooning debt problem, which has grown nearly exponentially since the 1980s.
India Advances Cross-Border Payment Systems and CBDC Development
RBI Governor Shaktikanta Das has expressed willingness to provide technical support to countries interested in setting unified international standards for cross-border payment systems. This aligns with India's efforts to promote interoperability and efficiency in global financial transactions.
Russia Approves Draft Amendments for Crypto Taxation Framework, Sets Mining Rules
Under the amendments, cryptocurrencies will be classified as property for tax purposes. Income generated from mining activities will be taxed based on the market value of the mined cryptocurrency at the time of receipt.
MicroStrategy Plans $1.75 Billion Convertible Notes Offering to Fund Bitcoin Purchases
The notes, which mature on December 1, 2029, will not bear interest or accrete principal and will be convertible under specific conditions into cash, shares of MicroStrategy’s class A common stock, or a combination of both, at the company's discretion.
Robert F. Kennedy Jr. Reveals Major Bitcoin Investment, Advocates Policy Integration
Kennedy’s Bitcoin advocacy spans years, focusing on the cryptocurrency’s decentralized, supply-capped nature as a safeguard against economic instability.
DOG Meme Coin Soars 88% Amid Kraken Listing and Binance Rumors
This speculation comes on the heels of DOG’s recent listing on Kraken futures on November 15, which triggered a significant rally over the weekend.